Esterline Technologies (Esterline Technologies) Debt-to-EBITDA : 2.18 (As of Dec. 2018)

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What is Esterline Technologies Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Esterline Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $17 Mil. Esterline Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $647 Mil. Esterline Technologies's annualized EBITDA for the quarter that ended in Dec. 2018 was $305 Mil. Esterline Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2018 was 2.18.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Esterline Technologies's Debt-to-EBITDA or its related term are showing as below:

ESL's Debt-to-EBITDA is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 2.315
* Ranked among companies with meaningful Debt-to-EBITDA only.

Esterline Technologies Debt-to-EBITDA Historical Data

The historical data trend for Esterline Technologies's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Esterline Technologies Debt-to-EBITDA Chart

Esterline Technologies Annual Data

Trend

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Sep15

Sep16

Sep17

Sep18

Debt-to-EBITDA

Get a 7-Day Free Trial

1.74

3.72

3.27

2.70

2.31

Esterline Technologies Quarterly Data
	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Debt-to-EBITDA	Get a 7-Day Free Trial															3.76	3.13	2.47	1.66	2.18

Competitive Comparison of Esterline Technologies's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Esterline Technologies's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Esterline Technologies's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Esterline Technologies's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Esterline Technologies's Debt-to-EBITDA falls into.

Esterline Technologies Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Esterline Technologies's Debt-to-EBITDA for the fiscal year that ended in Sep. 2018 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(17.546	+	654.922)	/	291.215
	=	2.31

Esterline Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2018 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(17.439	+	646.845)	/	304.732
	=	2.18

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2018) EBITDA data.

Esterline Technologies (NYSE:ESL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Esterline Technologies Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Esterline Technologies's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Esterline Technologies (Esterline Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Esterline Technologies Corp (NYSE:ESL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

500, 108th Avenue North East, Suite 1500, Bellevue, WA, USA, 98004

Website

http://www.esterline.com

Esterline Technologies Corp is a specialized manufacturing company serving aerospace and defense markets. It designs, produces, and markets engineered products and systems. The company operates in three technology segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. Its products have been implemented into military and commercial aircraft and land-based platforms. Additional sales result from aftermarket repairs and spare parts for existing systems. Esterline has worldwide sales and distribution channels and will try to strengthen customer relationships by targeting specific segments. Approximately half of its revenue is derived from the United States. The remainder of sales come from Canada, France, United Kingdom, and other smaller regions.

Executives

Stephen M Nolan	officer: Executive VP, CFO	1300 WILSON BOULEVARD, SUITE 400, ARLINGTON VA 22209
Donald E. Walther	officer: Executive VP, General Counsel	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Mary L Howell	director	1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Curtis C Reusser	director, officer: Chairman, President & CEO	C/O GOODRICH CORPORATION, 850 LAGOON DRIVE, CHULA VISTA CA 91910
Scott Ernest Kuechle	director	C/O GOODRICH CORPORATION, 2730 WEST TYVOLA ROAD, CHARLOTTE NC 28217
Michael J Covey	director	C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Steven T Romick	10 percent owner	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
J Richard Atwood	10 percent owner
Brian A. Selmo	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Gary E Pruitt	director	701 WESTERN AVENUE, GLENDALE CA 91201
Winship Henry Ward Iv	director	PO BOX 8614, RANCHO SANTA FE CA 92067
Jerry D Leitman	director
Richard Bradley Lawrence	director, officer: Executive Chairman	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004